M&A Deal Summary

Urgently Acquires Otonomo

On February 9, 2023, Urgently acquired information technology company Otonomo

Acquisition Highlights
  • This is Urgently’s 1st transaction in the Information Technology sector.
  • This is Urgently’s 1st transaction in Israel.

M&A Deal Summary
Date 2023-02-09
Target Otonomo
Sector Information Technology
Buyer(s) Urgently
Deal Type Merger
Advisor(s) Needham & Co. LLC (Financial)
Latham & Watkins
Gross & Co. (Legal)

Target

Otonomo

Herzliya, Israel
Otonomo is a provider of a pioneering vehicle data platform and marketplace. Otonomo's platform securely ingests more than 4 billion data points per day globally from over 40 million vehicles licensed on the platform and massive amounts of mobility demand data from multimodal sources, then reshapes and enriches it, to accelerate time to market for new services that improve the mobility and transportation experience. Otonomo was founded in 2015 and is based in Herzliya, Israel.

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Buyer(S) 1

Buyer

Urgently

Vienna, Virginia, United States
Category Company
Founded 2013
Sector Internet Software and Services
Employees275
Revenue 185M USD (2023)
DESCRIPTION

Urgently keeps vehicles and people moving by delivering safe, innovative, and exceptional mobility assistance experiences. The company’s digitally native software platform combines location-based services, real-time data, AI, and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics, and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty. With more than 50 operating partners and an estimated Service Provider Professional Network of 80,000+, it delivers innovative, transparent, and exceptional connected mobility assistance experiences on a global scale. Urgently was founded in 2013 and is based in Vienna, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Merger) 1 of 1
Country (Israel) 1 of 1
Year (2023) 1 of 1
Mergr

Product

Company

Legal